Last month I sold my seven-year old business, Big Fat Soap. Since I made the announcement dozens of fellow business owners have asked me how I did it, as though there were specific steps involved in the process. While I cannot outline exactly how the potential buyer(s) were found I would like to demonstrate what the experience was like from my perspective. Later Part Two of this series will explain the amount of work involved in getting it sold, because there was a LOT of work involved even after I watched the truck drive away with the contents of my business. Read on to hear how it happened. Continue reading
I love what I do at Big Fat Soap, but being a sole proprietor is hard work. One of the reasons I choose to be self-employed is so that my work schedule can be flexible. What a great plan! You may be thinking . . . but reality is when you work from home and are Director of Everything, like me, you tend to work far more hours each day than a typical American employee – 7 days a week. Orders must be filled and shipped, supplies must be inventoried and stocked, marketing and sales tasks must be done, forecasting, reports, planning, follow-up with customers, and on and on it goes. It is truly never-ending. Add to the equation, the personality type who feels guilty sitting down to read a book or relax in the garden during day-time hours, and you have potential trouble.
A friend I’ve met recently—also an entrepreneur—gave me some valuable advice: You MUST take a day off. This is not negotiable. I’ve been replaying her words in my mind and I know that it is important, but I haven’t been able to heed her advice until . . . one day I got the message. Continue reading